SNAPSHOT US stock index futures little changed after June inflation data

July 31 (Reuters) - U.S. stock index futures were little changed on Thursday after a largely in-line inflation reading fanned hopes that the Federal Reserve may cut interest rates soon. A Commerce Department report showed the Personal Consumption Expenditures Price index (PCE) rose 0.3% in June, in line with estimates from economists polled by Reuters. Annually, it stood at 2.6% against estimates of 2.5%. The core reading increased 0.3%, also in line with estimates. It rose 2.8% on a year-on-year basis against estimates of 2.7%. Separately, the number of Americans filing new applications for unemployment benefits was at 218,000 for the week of July 26, compared with estimates of 224,000 per economists polled by Reuters. At 8:33 a.m. ET, U.S. S&P 500 E-minis were up 57.25 points, or 0.9%, Nasdaq 100 E-minis were up 304.75 points, or 1.29%, Dow E-minis were up 93 points, or 0.21%. Reporting by Pranav Kashyap in Bengaluru; Editing by Devika Syamnath Our Standards: The Thomson Reuters Trust Principles., opens new tab

SNAPSHOT US stock index futures little changed after June inflation data

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